According to Bloomberg report, Maersk Tankers, the oil and gas shipping unit of A.P. Moeller-Maersk A/S, has secured employment for about 13%of its fleet’s earning days next year, compared with 24 percent for the remainder of 2011. (Bloomberg)
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It’s now more than a year since the tanker market took off. In mid-2014 tanker earnings picked up and since then have been in the $30-$40,000/day range, says a Clarksons study.
Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.
Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016,